Saturday, May 14, 2011

China's economic solution

China is recognizing that Latin America is mostly exporting primary products, and that manufactured goods would be preferable.  Its solution: use more Chinese government money to make products China wants to sell to the Chinese market.  As it turns out, this is also preferable for China because demand for commodities is slowing down there.  One interesting part of reading Chinese sources about this is how they do not even bother putting investment in a context of fighting poverty, empowering people, etc. They focus on whether it is in China's economic interest.  Sort of refreshing in a way.


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